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Raytheon Technologies Corporation

Case Details

Class Period: February 10, 2016 - October 27, 2020
Date Filed: October 30, 2020
Case Number: 4:20cv00468
Jurisdiction: Arizona District Court
Days Left to
Seek Plaintiff:
25

Case Summary

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Raytheon had inadequate disclosure controls and procedures and internal control over financial reporting; (2) Raytheon had faulty financial accounting; (3) as a result, Raytheon misreported its costs regarding Raytheons Missiles & Defense business since 2009; (4) as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government; (5) as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice (DOJ); and (6) as a result, defendants public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Documents
Complaint